Important Points For Building A Health Insurance Portfolio

1. Important Points For Building A Health Insurance Portfolio Family cover: If you have a large family, buying individual covers make little sense given the cost implications. Instead go for a family floater plan as it turns out to be cost-effective. Sufficient Sum Insured: In the wake of rapid medical inflation, one should go for a higher sum insured of at least Rs 10-15 lakh so that there is sufficient cover at the time of any medical emergency. Services: Claim settlement experience of a company is an important factor. It is important to check the insurance providers past claim settlement experience. Inclusions and Exclusions: Be well-versed with the inclusions and exclusions of the policy. There are certain medical conditions which are not covered under a standard health insurance policy. Specific needs: There are various kinds of insurance covers available. One should be astute about picking the right features in line with one’s lifecycle. Waiting period and pre-existing disease disclosures: In case a customer is suffering from a pre-existing disease then the waiting periods should be compared across products. Versatility of product: It is advised to go for products that offer a wellness- linked advantage and have been scientifically designed to keep consumers healthy. Cost vs value proposition: Lastly, always pick the right policy for yourself basis cost vs value proposition. Don’t just look at the premium paid for the policy but the overall value being offered. Source: www.moneycontrol.com w w w . c a p b l u e c r o s s . c o m